New acquisition in Hong Kong
CBH Compagnie Bancaire Helvétique SA announces its expansion into the Asian markets.
CBH has acquired TTG (HK) Limited, an independent wealth management company established in Hong Kong for over 20 years, with more than 250 million dollars of assets under management. TTG is authorised by the Hong Kong Securities and Futures Commission (SFC), the Mandatory Provident Fund Schemes Authority (MPFA) and the Hong Kong Confederation of Insurance Brokers (CIB). The cost of the transaction remains confidential.
TTG will become part of CBH’s international networks as a fully-owned subsidiary and will be subject to consolidated supervision.
TTG’s management will remain in place to ensure the integration of the entity within CBH.
This acquisition represents a significant step for the organic development of CBH in its target business line and it enables the company to operate in Asia under TTG’s licences.